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You want to invest in a stock that pays RM5.00 annual cash dividends for the next five years. At the end of the five years,

You want to invest in a stock that pays RM5.00 annual cash dividends for the next five years. At the end of the five years, you will sell the stock for RM30.00. If you want to earn 10% on this investment, what is a fair price for this stock if you buy it today?

a.RM41.7

b.RM41.00

c.RM40.37

d.RM18.00

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